7digital Says It Needs to Raise $5.7MM In a Month or It’s Going Bankrupt

B2B digital music services provider 7Digital could be facing bankruptcy without a last-minute cash injection. The UK B2B company says it is highly likely it will enter administration by July 31st without the funding. 7digital expected to issue more shares to raise the cash, but investors have now rejected the last-ditch proposal. With shareholders rejecting […]

The post 7digital Says It Needs to Raise $5.7MM In a Month or It’s Going Bankrupt appeared first on Digital Music News.

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